Is it better to save money or invest it? - page 304.

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: choppork on December 16, 2016, 08:55:32 AM

Quote from: fiscorcle on December 14, 2016, 05:16:55 PM

I've never understood why people, especially people here who gamble and trade a lot and generally waste a lot of money, don't just buy 0.5 BTC today and hold it for perpetuity. If it goes th rough the roof, you're set. If nothing happens, well, at least you have 0.5 BTC give or take. There's such limited risk...

Mostly because there's no guarantee that the price of bitcoin will really increase really high. As we can see right now, it really does increase but it's quite slow. Trading and all the other risky things let you earn more bitcoins. There are things that you can do to make your bitcoin grow, why would you limit yourself to holding bitcoins? 0.5BTC wouldn't make that much profit even if the price of bitcoins gets doubled after a year of waiting. If you have been trading all those time, then you would have multiplied those coins already.

To be honest, holding bitcoins and waiting for the price to increase is nothing but wishful thinking to me. Don't be lazy, get up, and exert effort to make your bitcoin grow.

I basically agree with your stance and think along the same lines myself

But if we should face the facts and cut the crap, just sitting and waiting idly for Bitcoin price to rise was quite a profitable strategy for at least a year and a half. So how can it be possibly wishful thinking? Indeed, it is not a given that the price will continue to grow in the future, though I for one hope that it will and there are good reasons to think so. Other than that, I fully agree that we should try to grow out bitcoins as much as we can by any available legitimate means, potentially moving the break-even point into negative territory

choppork

hero member

Activity: 588

Merit: 500

Quote from: fiscorcle on December 14, 2016, 05:16:55 PM

I've never understood why people, especially people here who gamble and trade a lot and generally waste a lot of money, don't just buy 0.5 BTC today and hold it for perpetuity. If it goes th rough the roof, you're set. If nothing happens, well, at least you have 0.5 BTC give or take. There's such limited risk...

Mostly because there's no guarantee that the price of bitcoin will really increase really high. As we can see right now, it really does increase but it's quite slow. Trading and all the other risky things let you earn more bitcoins. There are things that you can do to make your bitcoin grow, why would you limit yourself to holding bitcoins? 0.5BTC wouldn't make that much profit even if the price of bitcoins gets doubled after a year of waiting. If you have been trading all those time, then you would have multiplied those coins already.

To be honest, holding bitcoins and waiting for the price to increase is nothing but wishful thinking to me. Don't be lazy, get up, and exert effort to make your bitcoin grow.

blockman

hero member

Activity: 3038

Merit: 628

Vave.com - Crypto Casino

Quote from: bitbob82 on December 15, 2016, 04:43:57 PM

Quote from: Pattart on December 15, 2016, 04:18:15 AM

Quote from: The_prodigy on December 14, 2016, 12:49:39 AM

For me saving now is best saving actually works when we want something we really save our money not to spend christmas is comming so i need more money and i don't invest investment website are scam even lots of review you will not know admin hire someone to post an review for that website to get more investors.

especially true Christmas is coming soon of course you'll need a lot of things and stuff and it mewajibkanmu to have the money ready. so keep most of your money and the rest might you use to invest

as the price of bitcoin is cotinously increasing therefor i think it is better to hold bitcoin and not to spend it or invest it anywhere, as if the bitcoin price continue increasing it will give you a good profit in the end.

I agree that the best thing to do right now is to keep on holding, because that is also good as your own investment. But while waiting for more price increase you can also have sometime for trading and other types of investment in real world. I've been doing trading and I can say that this is one of the best type of investment in bitcoin while saving.

Japinat

hero member

Activity: 3052

Merit: 685

Quote from: Doamader on December 15, 2016, 05:22:12 PM

Some weeks ago i were starting to save all the earnings i got from signature, just after i had been forced to sell all the bitcoins i had to pay some bills, since those time i were collecting and saving, but i found the best investment i could, and im taking a small risk into it, if all work i will be getting something like 10-30% monthly from mine investment, and no isnt hyip or cloud. I were always shared between wich direction to follow, but now i do know what i wanna and i know how to do.

Maybe it would be best if you will share what investment you are doing now, we all want to have a good investment to grow our money and I would appreciate if you can help us as well. That investment of yours might be more successful if you will be able to hear good advise from experts.

You learn how to save and that's good but you need more discipline to really succeed IMO.

Doamader

hero member

Activity: 756

Merit: 501

Some weeks ago i were starting to save all the earnings i got from signature, just after i had been forced to sell all the bitcoins i had to pay some bills, since those time i were collecting and saving, but i found the best investment i could, and im taking a small risk into it, if all work i will be getting something like 10-30% monthly from mine investment, and no isnt hyip or cloud. I were always shared between wich direction to follow, but now i do know what i wanna and i know how to do.

bitbob82

hero member

Activity: 630

Merit: 500

Quote from: Pattart on December 15, 2016, 04:18:15 AM

Quote from: The_prodigy on December 14, 2016, 12:49:39 AM

For me saving now is best saving actually works when we want something we really save our money not to spend christmas is comming so i need more money and i don't invest investment website are scam even lots of review you will not know admin hire someone to post an review for that website to get more investors.

especially true Christmas is coming soon of course you'll need a lot of things and stuff and it mewajibkanmu to have the money ready. so keep most of your money and the rest might you use to invest

as the price of bitcoin is cotinously increasing therefor i think it is better to hold bitcoin and not to spend it or invest it anywhere, as if the bitcoin price continue increasing it will give you a good profit in the end.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: fiscorcle on December 14, 2016, 05:16:55 PM

I've never understood why people, especially people here who gamble and trade a lot and generally waste a lot of money, don't just buy 0.5 BTC today and hold it for perpetuity. If it goes th rough the roof, you're set. If nothing happens, well, at least you have 0.5 BTC give or take. There's such limited risk...

People don't do it because it is not exciting, because it does not gives you promises of multiplying your coins, like trading, or the fun you may get through gambling, some people in the forum are doing that but I don't think it is a strategy used by most of the forum members.

STT

legendary

Activity: 4046

Merit: 1447

Catalog Websites

Quote from: fiscorcle on December 14, 2016, 05:16:55 PM

I've never understood why people, especially people here who gamble and trade a lot and generally waste a lot of money, don't just buy 0.5 BTC today and hold it for perpetuity. If it goes th rough the roof, you're set. If nothing happens, well, at least you have 0.5 BTC give or take. There's such limited risk...

Theres an argument for not overthinking a decision to hold back some of your saved value. But doing nothing with something does not earn money, its the utility of bitcoin which makes it valuable.
If nobody ever exchanged value then it'd be worth $10 or less still. So yea you can just do that hold forever plan, if everyone did that then its worth very little. Its kinda ironic

Buffet talks about this, the value of gold. We spend money, effort and oil to dig up gold then we refine it and put it back in the ground and call ourselves rich while achieving nothing, aliens observing this behaviour would be mystified
The point is to store value safely over night, if you do it forever you should be worse off then anyone doing reasonable transactions and benefiting from traded value

Pattart

hero member

Activity: 1190

Merit: 500

Quote from: The_prodigy on December 14, 2016, 12:49:39 AM

For me saving now is best saving actually works when we want something we really save our money not to spend christmas is comming so i need more money and i don't invest investment website are scam even lots of review you will not know admin hire someone to post an review for that website to get more investors.

especially true Christmas is coming soon of course you'll need a lot of things and stuff and it mewajibkanmu to have the money ready. so keep most of your money and the rest might you use to invest

freedomgo

legendary

Activity: 3150

Merit: 1148

Fully Regulated Crypto Casino

Quote from: Idrisu on December 15, 2016, 02:51:55 AM

Quote from: jerol31 on March 26, 2015, 08:25:04 AM

Is it better to save money in bank or invest it online, in real estate or maybe gold?

Saving, money in the bank has never be the best for an investor but for those living on a pay cheques saving money in the banks may be the best option for them. Gold from inception is one of assets that doesn't depreciate in value so I think if you are looking for most safe investment, go for gold.

It's good to invest in gold if you have a good amount of capital, do not just save your money in the bank you will not make use of it's profit as it does not bring your good interest income, the value will inflate and you'll not be getting good value longer.

Idrisu

sr. member

Activity: 924

Merit: 260

Quote from: jerol31 on March 26, 2015, 08:25:04 AM

Is it better to save money in bank or invest it online, in real estate or maybe gold?

Saving, money in the bank has never be the best for an investor but for those living on a pay cheques saving money in the banks may be the best option for them. Gold from inception is one of assets that doesn't depreciate in value so I think if you are looking for most safe investment, go for gold.

sanakhan1

newbie

Activity: 28

Merit: 0

investing is better then saving , invest in bitcoin is better then all Cheesy

sanakhan1

newbie

Activity: 28

Merit: 0

investing is better then saving , invest in bitcoin is better then all Cheesy

markyminer

hero member

Activity: 532

Merit: 500

Quote from: South Park on December 13, 2016, 12:43:08 PM

Quote from: Ai7xpressTV on December 10, 2016, 09:49:44 AM

My personal opinion, i think to invest your money will be good option but only in real estate nothing else because property prices will rise every year.

Nothing rises every year, not gold, or stocks, or real state or even bitcoin, that is the kind of thinking of those that are left holding the bag and getting the losses at the end, if a market is bullish then take the opportunity to make money but at some point you need to cash out.

in real state the ups and down of property depending on several factors, i think the most important factor is the peace and security and the second is the people interests, and same is the case in bitcoin, if people are interested in bitcoin and they want to invest their money in bitcoin then the price of bitcoin will surely increase.

fiscorcle

hero member

Activity: 994

Merit: 502

I've never understood why people, especially people here who gamble and trade a lot and generally waste a lot of money, don't just buy 0.5 BTC today and hold it for perpetuity. If it goes th rough the roof, you're set. If nothing happens, well, at least you have 0.5 BTC give or take. There's such limited risk...

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: South Park on December 14, 2016, 02:54:09 PM

Quote from: deisik on December 13, 2016, 04:38:38 PM

Quote from: South Park on December 13, 2016, 12:43:08 PM

Quote from: Ai7xpressTV on December 10, 2016, 09:49:44 AM

My personal opinion, i think to invest your money will be good option but only in real estate nothing else because property prices will rise every year.

Nothing rises every year, not gold, or stocks, or real state or even bitcoin, that is the kind of thinking of those that are left holding the bag and getting the losses at the end, if a market is bullish then take the opportunity to make money but at some point you need to cash out.

Bitcoin may be an exception to this rule, at least as of yet

For the first few years it was worth almost nothing, no one knew about it save for a few committed early adopters, who were stubbornly mining the first thousands of bitcoins with their decrepit computers in the basement. Then Bitcoin got some traction, and price grew a few dozen times (we will not see such things happen with any established asset out there unless something catastrophic should happen, e.g. a perfect Black swan event). After that, Bitcoin got publicity and its price went vertically up in just 2-3 months. It collapsed later, though it had been spiraling down for well over a year. But the adoption is still tiny, and if it should increase in the nearest future, there is no reason to think that the price might not increase exponentially again

Bitcoin is still in its developments stages so rapid growth spurts are to be expected, especially since we have not reached any kind of major adoption yet, but even then there is the theoretical cap of 7 billion people since that is the current amount of human population in the planet, assuming everyone adopted bitcoin, which is not going to be the case.

That part about an early development stage is what frightens me most. Other than that, with only half a million active Bitcoin users right now and around 3-5 millions who are probably holding some bitcoins as of today (or satoshis, for that matter), we have a long way to go. As an aside, 7 billion people as such is irrelevant since it is the real world use that would matter in the end. Until there is a closed-loop self-sustaining Bitcoin economy, the number of people holding Bitcoin affects only the price of Bitcoin (through a deterministic supply and demand mechanism), but not its value...

Price is what you pay, value is what you get

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: deisik on December 13, 2016, 04:38:38 PM

Quote from: South Park on December 13, 2016, 12:43:08 PM

Quote from: Ai7xpressTV on December 10, 2016, 09:49:44 AM

My personal opinion, i think to invest your money will be good option but only in real estate nothing else because property prices will rise every year.

Nothing rises every year, not gold, or stocks, or real state or even bitcoin, that is the kind of thinking of those that are left holding the bag and getting the losses at the end, if a market is bullish then take the opportunity to make money but at some point you need to cash out.

Bitcoin may be an exception to this rule, at least as of yet

For the first few years it was worth almost nothing, no one knew about it save for a few committed early adopters, who were stubbornly mining the first thousands of bitcoins with their decrepit computers in the basement. Then Bitcoin got some traction, and price grew a few dozen times (we will not see such things happen with any established asset out there unless something catastrophic should happen, e.g. a perfect Black swan event). After that, Bitcoin got publicity and its price went vertically up in just 2-3 months. It collapsed later, though it had been spiraling down for well over a year. But the adoption is still tiny, and if it should increase in the nearest future, there is no reason to think that the price might not increase exponentially again

Bitcoin is still in its developments stages so rapid growth spurts are to be expected, especially since we have not reached any kind of major adoption yet, but even then there is the theoretical cap of 7 billion people since that is the current amount of human population in the planet, assuming everyone adopted bitcoin, which is not going to be the case.

mrcash02

hero member

Activity: 1190

Merit: 525

CryptoTalk.Org - Get Paid for every Post!

Quote from: The_prodigy on December 14, 2016, 12:49:39 AM

For me saving now is best saving actually works when we want something we really save our money not to spend christmas is comming so i need more money and i don't invest investment website are scam even lots of review you will not know admin hire someone to post an review for that website to get more investors.

It's really risk... We never know if the review was wrote by a legit user. Anyway, even being a legit review, the site can stop paying any time, most online investments work this way, do you remember HashOcean? Every user gave positive reviews about that, and in the end a lot of investors lost money, many who already invested on the past don't risk to do it again. We can't expect much profit when investing online.

Abiky

legendary

Activity: 3220

Merit: 1363

www.Crypto.Games: Multiple coins, multiple games

Quote from: South Park on December 13, 2016, 12:43:08 PM

Nothing rises every year, not gold, or stocks, or real state or even bitcoin, that is the kind of thinking of those that are left holding the bag and getting the losses at the end, if a market is bullish then take the opportunity to make money but at some point you need to cash out.

Exactly. Whenever you see the right moment to sell an specific asset, do it, instead of waiting for its price to increase even further. Sometimes, if you wait for the price to increase even more than it did when you initially bought it, you may end up losing more than invested when prices decide to decline, making your holding valueless over time.

I've lost many times by not selling at the right time, but I've learned a valuable lesson and now I'm reducing those risks when investing into a commodity like Bitcoin. I usually prefer to invest and save my Bitcoin, as it has a positive price trend most of the times. Just my opinion. Grin

eugene265

newbie

Activity: 53

Merit: 0

thats hard qest :/

Topic: Is it better to save money or invest it? - page 304. (Read 1181210 times)